Private Fitness Inc Case

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    Fitness, Inc.

    Assignment 1-3 Read and analyze the Private Fitness, Inc. case in Management Control Systems. Write a 2- to 3-page paper that addressing the following. Follow APA guidelines for citations and format for your paper. a. Summarizes the case and provide background information. b. Describes a solution to Rosemary Worth's control problem that emphasizes: 1. Results controls 2. Action controls 3. Personnel/cultural controls c. Makes a recommendation. d. Explains why

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    Private Fitness Inc. Case

    may facilitate in marketing and facility up-keeping. Action Controls As a small newly established fitness business, Private Fitness Inc. offers too many fitness choices to its clients – 10 in total. Some of them are overlapped. It results in some of the classes are quite popular, but many of them are not and has to be canceled for lack of clients. With only 3 exercising rooms, Private Fitness should use its limited rooms and facilities more efficiently. Find out the reasons of the cancelled classes

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    Private Fitness

    may facilitate in marketing and facility up-keeping. Action Controls As a small newly established fitness business, Private Fitness Inc. offers too many fitness choices to its clients – 10 in total. Some of them are overlapped. It results in some of the classes are quite popular, but many of them are not and has to be canceled for lack of clients. With only 3 exercising rooms, Private Fitness should use its limited rooms and facilities more efficiently. Find out the reasons of the cancelled classes

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    Private Fitness Llc

    I. Background/Issues and Concern Rosemary Worth was talking about the consequences of a theft that had recently occurred at the business she owned, Private Fitness, LLC. Private Fitness is a small health club located in Rancho Palos Verdes, California, an upscale community located in the Los Angeles Area. As manager of the business, Rosemary hired Kate Hoffman, one of the instructors and a long-time friend. Kate’s primary tasks included marketing, facility upkeep, scheduling of appointments, and

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    Case Analysis on Private Fitness, Llc

    I. Background/Issues and Concern Rosemary Worth was talking about the consequences of a theft that had recently occurred at the business she owned, Private Fitness, LLC. Private Fitness is a small health club located in Rancho Palos Verdes, California, an upscale community located in the Los Angeles Area. As manager of the business, Rosemary hired Kate Hoffman, one of the instructors and a long-time friend. Kate’s primary tasks included marketing, facility upkeep, scheduling of appointments, and

    Words: 282 - Pages: 2

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    Case 15-1: Private Fitness Llc*

    It is not easy to become a corporate company. When entrepreneurs like Rosemary enters the market with limited sources, the very important thing is to create a team. The team members should be professional of their business in accordance with the jobs that they are doing. Rosemary is an instructor and she also hired 5 instructors to run the classes and training sessions. It is very suitable to hire instructors for training. And training is also a field that Rosemary has experience. Apart from them

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    Private Fitness

    Management Accountant (CMA) - An accreditation conferred by the Institute of Management Accountants that indicates the designee has passed an examination and attained certain levels of education and experience in the practice of accounting in the private sector. Certified Public Accountant (CPA) - ACCOUNTANT who has satisfied the education, experience, and examination requirements of his or her jurisdiction necessary to be certified as a public accountant. CFP - See CERTIFIED FINANCIAL PLANNER. CIA

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    Case Study - Private Fitness

    Case 3 – Private Fitness, Inc. Private Fitness, owned by Rosemary Worth is a very good example to show the consequences of lack of internal control procedures. The two major problems she is facing are: I. Protecting business revenue and assets even without her presence. a. No proper recording of revenues and operating expenditures b. No scheduling system for instructors or employees c. Payroll system doesn’t exist d. Limited funds II. To decide what to do with

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    Private Fitness Llc

    Case 15-1: Private Fitness LLC* Private Fitness LLC is a springboard case that can be used as the basis of a discussion of management's need for information. It serves the same purpose for Part 2 of the book that the Kim Fuller case did for Part 1. Approach This case uses a small business as its setting so that students can visualize the business's activities, and so questions of generally accepted accounting principles will be essentially irrelevant. In fact, a shift the student needs to make

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    PRIVATE FITNESS, LLC Background/Issues and Concern: • Acts of Kate with regards to the theft • Rosemary and Kate are long-time friend • Rosemary wanted to increase her standard of hiring by capitalizing on her reputation and knowledge in the growing fitness field and to have more time to spend with her two young children • Rosemary wants to protect her assets Problem Statement: How should Rosemary address her prolem with regards to the situation with Kate as well as in

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    CASE STUDY: PRIVATE FITNESS, LLC I-Summary Private Fitness, LLC a private fitness owned by Rosemary Worth, a small health club which is located in Rancho Palos Verdes, California- an upscale community located in Los Angeles area. The services offered by the club were personal fitness training and fitness classes of various types including aerobics, spinning, body sculpting, air boxing, kickboxing, hip hop, step and pump, dynamic stretch, Pilates and yoga. Private Fitness LLC Rate for services

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